Unfortunately, the real world is messier, and economic activity has side effects, both good and bad. These "externalities" don't show up on the typical supply-and-demand diagram; but if they did ...

demand – or lack of demand – for a product creates or reduces demand for related products, according to Economics Help.org. Derived demand has both local and industry implications. For example ...

Using a diagram, explain what is meant by economies of scale “We found that even small changes in price have a big impact on demand — very big.” Using a diagram, and your knowledge of ...

Using a demand and supply diagram, analyse the potential effects on the market for wind turbines Identify the costs associated with building bigger and better wind turbines Define negative ...